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    Pesticide residues found in 58 food samples tested in Kerala, says Minister Siddique
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August 10, 2026
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Pesticide residue concerns drive organic farming, school agriculture initiatives, infrastructure financing and climate-resilience support for farmers.
Food-safety concerns arising from pesticide residues and toxic substances are to be addressed through organic vegetable farming, household cultivation and the Kathir school-farming initiative. Kathir provides for institutional farming, teacher and committee support, markets, student training and clubs, with possible academic weightage for agricultural participation. Agricultural infrastructure financing supports post-harvest management, value addition, processing, packing, marketing and exports. Additional measures include banking support, agricultural technology adoption, women-farmer support and schemes addressing climate-related floods and drought.
August 10, 2026
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Digital EODC processing removes physical duty challans through authenticated payment verification for export authorisation closure.
Export Obligation Discharge Certificate processing under the Advance Authorisation and Export Promotion Capital Goods schemes no longer requires physical duty-payment challans for voluntary customs-duty payments made on or after 1 August 2026. Authenticated licence-wise payment information is electronically transmitted from Customs/ICEGATE to DGFT systems and mapped to the relevant authorisation. Exporters can verify payment details on the customer portal, while Regional Authorities use corresponding back-office records, replacing manual submission and verification for authorisation closure.
August 10, 2026
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Trusted service-call numbering requires verified utilities and logistics entities to use dedicated numbers exclusively for transactional and service communications.
The 1601-series is introduced for verified utilities, courier and logistics entities making service and transactional voice calls. Numbers must be allocated directly to eligible entities, not intermediaries or aggregators, following verification by telecom service providers and an undertaking of exclusive use. Promotional voice calls are prohibited on this series and remain associated with the 140-series. The framework separates these calls from the 1600-series reserved for regulated financial-sector and government-to-citizen communications, supporting consumer recognition of legitimate calls and reducing impersonation risks.
August 10, 2026
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GST revenue collection drives tax growth while data scrutiny, taxpayer verification, and compliance capacity remain key administrative priorities.
GST constituted the principal component of tax revenue for the 2025-26 fiscal year. Tax administration faces staff shortages, information-technology upgrade needs, and increased workloads from taxpayer registrations and return filings. Compliance oversight requires GST data scrutiny, risk assessment, identification of unregistered taxpayers, tax-evasion detection, and field verification of high-risk taxpayers. Long-term revenue planning sets progressively higher collection targets through 2063.
August 10, 2026
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Russian crude imports reshape India's refining trade as processed petroleum products reach sanctioning jurisdictions despite import restrictions.
Indian imports of Russian crude oil reached a second consecutive monthly record in July 2026, with Russian crude forming the dominant share of India's Russian fossil-fuel purchases and more than half of total crude imports. Higher receipts through smaller terminals offset reduced volumes at Paradip. Indian refineries processing Russian crude also exported refined petroleum products to sanctioning jurisdictions, including the European Union, Australia and the United States, despite the European Union prohibition on imports of oil products made from Russian crude.
August 10, 2026
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Cyber-fraud through stolen phones allegedly used mule accounts, banking credentials and coordinated technical operations to divert victims' funds.
Investigation into unauthorised withdrawals after theft of a mobile phone uncovered an alleged interstate cyber-fraud network using stolen devices, linked banking credentials and mule bank accounts. The scheme allegedly involved phone theft, supply of accounts and banking instruments, and a technical operation that accessed victims' accounts and routed funds for withdrawal or transfer. Digital surveillance, transaction mapping, seized devices, victim data and transaction records are being examined to identify linked complaints and the extent of funds allegedly diverted.
August 10, 2026
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Rupee depreciation reflected stronger dollar, elevated crude prices and geopolitical uncertainty, while portfolio inflows and equity gains provided support.
The rupee depreciated against the US dollar amid a stronger dollar, higher global crude oil prices and uncertainty surrounding West Asia-related negotiations. Concerns over crude oil's potential impact on the trade deficit weighed on the currency, while positive domestic equity markets and foreign portfolio investment inflows provided support. Market caution remained focused on forthcoming US inflation data, dollar-index movements and Brent crude prices. Foreign-exchange reserves increased during the reported period.
August 10, 2026
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Collateral-free personal loans offer extended repayment flexibility, conditional reward benefits, and online application subject to eligibility and disbursal requirements.
Loan Utsav 2026 provides eligible Bajaj Finance Personal Loan applicants an exclusive reward bundle where the loan is successfully disbursed during the campaign period. The collateral-free facility supports personal expenses, offers repayment tenures from 12 to 108 months, and may enable lower monthly EMI obligations through a longer selected tenure. Interest rates depend on eligibility, credit assessment, financial profile and lending criteria. Online applications require personal and financial details and required documents, with disbursal for eligible applicants possible after verification and approval.
August 10, 2026
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Credit card payment flexibility supports seasonal shopping and travel through eligible EMIs, rewards, tracking tools and conditional merchant benefits.
Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.
August 10, 2026
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Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
August 10, 2026
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GI-tagged Mithila Makhana export facilitation expands sea-route market access while supporting quality compliance and farmer-linked value chains.
Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.
August 10, 2026
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Startup ecosystem support expands through digital payments, cloud access, AI innovation, investment readiness, governance support and global market programmes.
DPIIT has entered into strategic MoUs to support DPIIT-recognised startups through payment infrastructure, entrepreneurship development, cloud technology, mobility innovation, investment readiness and global-market access. Eligible startups may receive payment and cloud support, technical training, mentorship, startup formalisation assistance, market and investor connections, AI and mobility enablement, and programmes addressing governance, financial readiness, compliance and international expansion. The collaborations promote innovation across digital payments, clean energy, artificial intelligence, climate technology, advanced manufacturing, mobility and automotive technology.
August 10, 2026
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UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
August 10, 2026
Show AI Summary
Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.
August 10, 2026
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Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
ICoAS cost optimisation supports public financial management through prudent resource utilisation, financial oversight and improved cost management across government. Its role includes supporting indigenous manufacturing, better investment decisions, efficient public expenditure and maximum value for public spending. With greater private-sector participation and Public-Private Partnerships, ICoAS officers are expected to promote cost efficiency, appropriate risk allocation and sound project structuring. Capacity building emphasises integrity, financial modelling, data visualisation, analytical frameworks and artificial intelligence for improved public-finance management.
August 9, 2026
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Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
August 9, 2026
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GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
August 9, 2026
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Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.
August 9, 2026
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Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
August 8, 2026
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Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.

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Customs & Trade

Cultural Integration Along Guangxi-Vietnam Border: Baise's Events Build a Bridge for China-Vietnam Neighborly Connectivity

May 15, 2026

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BAISE, China, May 15, 2026 /Xinhua-AsiaNet/ -- Baise, Guangxi, located in southern China, shares contiguous mountains and rivers, intertwined cultural heritage and folk customs with Vietnam. It serves as a vital gateway for people-to-people exchanges and friendly neighborhood interactions along the China-Vietnam border. During the 2026 Guangxi March 3rd · Bagui Carnival held recently, leveraging its border geographical advantages, the Publicity Department of Baise City elaborately organized a host of cross-border events covering sports, intangible cultural heritage (ICH), reading and folk customs. Bonded by diverse cultural activities, the city deepens cultural mutual learning and people-to-people connectivity in border areas, further polishing the border brand of China-Vietnam good neighborliness and cross-border cultural integration.

Sports as a Medium: Building a Heart-to-Heart Bond Across the Border On April 23, the China-Vietnam Border Staff Football Invitational Tournament kicked off in Napo County, Baise. Teams from Vietnamese border provinces and athletes from Chinese border counties competed and exchanged skills on the pitch, forging deeper friendship and consensus through friendly competition. On April 25, the China-Vietnam Basketball Friendly Match was held at Jingxi Gymnasium.

Integrating competitiveness and mass participation, this series of cross-border sports events not only enriches the cultural and sports life of border residents and boosts national fitness along the border, but also leverages the inclusive power of sports to break geographical barriers and consolidate the neighborly bond between Chinese and Vietnamese border dwellers.

ICH Inherits Charm: Interpreting Shared Folk Traditions of Two Nations On April 23, the China-Vietnam Folk ICH Exchange Gala Southern Melody, Resonance Across Two Nations took place in Jingxi. The gala gathered artistic elites from Jingxi, Debao and Napo, as well as the Trà Lĩnh Art Troupe from Vietnam's Cao Bang Province, bringing together premium folk art resources of both countries.

On stage, Southern Zhuang Opera and Zhuang Molun Ballads were performed in succession, accompanied by live demonstrations of exquisite Zhuang brocade craftsmanship and authentic border folk performances. Artists from China and Vietnam performed together, showcasing the glamour of intangible cultural heritage. The shared folk traditions transcend national boundaries, presenting a vivid practice of people-to-people communication and cultural coexistence along the China-Vietnam border.

Scholarly Fragrance Spreads Far: Nurturing Cross-border Youth Friendship On April 25, the themed exchange event Books Link China and Vietnam, Youth Share the Joy of Reading was held at Jingxi National Gate Bookstore. At the event, Guangxi Publishing & Media Group awarded the plaque of "China-Vietnam Joint Reading Site" to the venue, marking a new permanent platform for regular China-Vietnam cultural exchanges in Baise and laying a solid foundation for long-term cross-border cultural interaction.

Chinese and Vietnamese writers and cultural guests gathered to share ideas and insights on literary creation. Youth representatives from both countries recommended outstanding local literary works to each other. With books as the link and words as the bridge, the event promotes exchanges of cultural ideas and joint engagement among young people across the border.

Melodies Convey Affection: Singing the Youth Friendship Along the Border On the evening of April 25, the China-Vietnam Youth "March 3rd" New Folk Song Concert opened at Jingxi Splendid Ancient Town. Young singers from both countries took the stage together. Rooted in the profound traditional folk culture of the two nations, they innovatively blended ancient border folk songs with modern pop music, presenting musical works featuring ethnic charm and contemporary vibes.

The melodious tunes transcend mountains and seas to connect hearts, vividly interpreting the time-honored sincere friendship between Chinese and Vietnamese youth and endowing border folk culture with brand-new vitality.

Folk Customs Gather Together: Painting a Scene of Shared Joy for Border Dwellers On April 26, the China-Vietnam Border Dwellers "March 3rd" Cultural, Sports and Folk Customs Event was held at Jingxi Equan Scenic Area. The venue was immersed in strong folk atmosphere. Ethnic costume shows and cross-border folk song antiphonal singing fully displayed the beauty of cultural integration along the China-Vietnam border. Featured folk performances such as throwing embroidered balls and field dwarf dances showcased the unique charm of traditional Zhuang culture.

At the ICH experience and specialty food exhibition areas, Chinese and Vietnamese border dwellers made embroidered balls together, experienced tie-dye craftsmanship and tasted five-color glutinous rice. The immersive interactive experience drew the people of the two nations closer.

Covering sports, intangible cultural heritage, literature, music and folk customs, Baise's series of cross-border exchange events feature rich levels and diverse forms, shaping a multi-layered, three-dimensional and normalized pattern of people-to-people exchanges along the China-Vietnam border.

Baise will continue to capitalize on its border location and cultural resources, further deepen cross-border people-to-people exchanges, forge distinctive border cultural exchange brands, and regularly hold cross-border cultural, sports and folk interactive activities. The city will keep consolidating China-Vietnam neighborly friendship along the border, writing a new chapter of cultural coexistence, people-to-people connectivity and win-win cooperation between the two countries across the border.

Source: The Publicity Department of Baise City (Disclaimer: The above press release comes to you under an arrangement with Asianet and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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